Goldman launches new online lending business

Goldman Sachs Group Inc (GS.N) has launched a new online lending business that targets borrowers saddled with credit card debt, the bank said on Thursday. The business, called Marcus by Goldman Sachs after 1869 founder Marcus Goldman, represents its first major foray into consumer lending as it tries to earn more from the $124 billion in deposits it has on its balance sheet. Read more: reuters.com